Steel Sector Company News [more headlines]

ATI, AK Steel, NAS lower stainless steel surcharges - American Metal ...
Wed, 22 May 2013 22:31:07 +0100
NEW YORK — ATI Allegheny Ludlum Corp., AK Steel Corp. and North American Stainless Inc. (NAS) have lowered their surcharges on most stainless steel grades for June. Ludlum, a division of Pittsburgh-based Allegheny Technologies Inc., set its June ...


What the Tata Steel write-off reveals
Wed, 22 May 2013 19:51:00 +0100
In 2007, Tata Steel created history of sorts by acquiring Anglo-Dutch steel maker Corus (now Tata Steel Europe) in a $13-billion deal. It was the biggest foreign acquisition by an Indian company ever. Its merits were there for all to see.


Gerdau to Expand Tennessee Operations - Recycling Today
Tue, 21 May 2013 21:16:41 +0100
American Metal Market - The steel company Gerdau has announced plans to expand its operations at the WestBridge Business Park in West Knox County, Tenn. The expansion will include building a facility that will take steel rebar manufactured at Gerdau's Lonsdale, Tenn., mill ...


Aluminium chief to leave Glencore Xstrata - Financial Times
Tue, 21 May 2013 21:11:29 +0100
Economic Times - The head of aluminium at Glencore Xstrata is set to leave the natural resources company, in the first senior departure since its takeover of Xstrata earlier this month. Gary Fegel, who has run Glencore's aluminium division since 2006, will leave the ...


AK Steel's JV Concludes $375 million Financing
Tue, 21 May 2013 17:20:02 +0100
AK Steel's joint venture has completed $375 million financing for building a new iron ore pellet plant.


Steelworkers prepare for talks at Essar - Sault This Week
Tue, 21 May 2013 16:08:19 +0100
President of United Steelworkers Local 2251 Mike DaPrat, representing about 2,000 unionized wage earners at Essar Steel Algoma, has begun discussing dates and times for negotiations for a new contract with the employer. DaPrat said last Friday ...


Tata Steel may explore options to sell corus assets: reports
Tue, 21 May 2013 14:52:14 +0100
Shares of Tata Steel was down 1% after reports stated that company may explore options to sell corus assets. Corus will remain subsidiary of Tata steel. Tata Steel sold teesside plant in 2011. The stock has hit a high of Rs316 and a low of Rs310.


Merrill Lynch Issues Specialty Metals and Mining Stocks to Buy - ...
Tue, 21 May 2013 13:18:27 +0100
Nucor Corp. (NYSE: NU) leads off the list of stocks to buy at Merrill Lynch. Nucor, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments ...


Beni advises SAIL to take corrective measures to complete projects ...
Tue, 21 May 2013 05:25:49 +0100
New Delhi, May 21 (ANI): Union Minister for Steel Beni Prasad Verma, who reviewed the Quarter 4 and financial year 2012-13 performance of Steel Authority of India Limited (SAIL) here today, advised SAIL to take corrective measures to complete the projects ...


AK Steel Joint Venture Completes $375 Million ...
Mon, 20 May 2013 22:15:00 +0100
PR Newswire - WEST CHESTER, Ohio, May 20, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) said today that Magnetation LLC ("Magnetation"), its joint venture with Magnetation, Inc., has successfully completed a $325 ...


AK Steel's Coshocton Works Recognized For Outstanding Safety ...
Mon, 20 May 2013 18:09:00 +0100
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, ...


Gerdau adding 40 jobs in Knox County - Knoxville News Sentinel
Mon, 20 May 2013 16:40:38 +0100
WBIR-TV - The new facility will have a capacity of about 120,000 tons of finished steel per year, and the expansion represents a multi-million-dollar investment by Gerdau. Brice Wager, Gerdau's general manager, cited assistance from the state and county, saying ...


Ukrainian Billionaire Viktor Pinchuk Sues Business Rivals Over 94m ...
Mon, 20 May 2013 14:07:37 +0100
Industrialist Viktor Pinchuk takes Gennadiy Bogolyubov and Igor Kolomoisky to Londons High Court over iron ore deal.


Ukrainian billionaire sues business rivals in London
Mon, 20 May 2013 13:28:58 +0100
Ukrainian billionaire industrialist Viktor Pinchuk is suing two of his compatriots in London's High Court, saying they failed to hand over an iron ore business for which he paid $143 million. The Krivy ...


Severstal profit down 89.7%, sees volatility ahead - MarketWatch
Mon, 20 May 2013 08:54:18 +0100
Tne Moscow News - MOSCOW--Russia's largest steel producer OAO Severstal said Monday it sees increasing volatility ahead as it reported its first-quarter net profit fell 89.7% on the year to $44 million, driven by lower prices and weak demand. MAIN FACTS. --First-quarter ...